Brother offering to sell house at price he bought it for 2 years ago

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kennyFTB

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I'm just wondering, apart from doing business with a sibling, is there any drawback on my brother selling me his house for the price he bought it for. If you're wondering why he's a nice guy and would prefer that if he does sell house(currently rented as he has moved abroad) it would go to a family member. There will be a legal agreement drawn up to split profits in half if I buy and decide to sell within a certain time frame. Any help would be appreciated
 
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